You Get More Than One Chance
The best momentum plays will stay in motion, just like Newton’s law of
inertia states. A stock in motion will stay in motion as the herd piles either in or
out of a stock.
10:19:35
Intraday Setup Alert
Lockheed Martin (LMT)
appears to be resuming its downtrend after staging a counter trend rally.
The stock carries a
TM 3-month RS of 17 and an ADX of 31. LMT is down. 1.03 at 55.35.
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After the alert, the stock falls more than 3 points, giving you
other opportunities if you missed the first one.
The fact that there are other opportunities is a key point.
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Don’t give up on a stock if you miss the first move. If it is
truly in a momentum state, it will provide you with other opportunities.
Until tomorrow,
Duke